Carlisle Companies (CSL) 10-Q 23 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 16, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Entity File Number	1-9278
Entity Registrant Name	CARLISLE COMPANIES INCORPORATED
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-1168055
City Area Code	(480)
Local Phone Number	781-5000
Entity Address, Address Line One	16430 North Scottsdale Road
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85254
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,579,811
Entity Central Index Key	0000790051
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Transition Date	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock
Trading Symbol	CSL
Security Exchange Name	NYSE
Preferred Stock Purchase Rights
Entity Information [Line Items]
Title of 12(b) Security	Preferred stock purchase rights
Security Exchange Name	NYSE
No trading symbol	true

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Revenues	$ 1,024.2	$ 1,314.8	$ 2,054.4	$ 2,386.7
Cost of goods sold	743	920.6	1,494.8	1,703.9
Selling and administrative expenses	153.1	172.3	315	336.5
Research and development expenses	14.1	15.4	28.5	29.8
Other operating expense (income), net	0.6	(0.7)	0	(5.4)
Operating income	113.4	207.2	216.1	321.9
Interest expense, net	19.8	16.6	38.7	32.9
Loss on extinguishment of debt	0	0	8.8	0
Interest income	(2.7)	(1.9)	(3.4)	(4.5)
Other non-operating income, net	(0.7)	(0.6)	(1.2)	(1)
Income from continuing operations before income taxes	97	193.1	173.2	294.5
Provision for income taxes	21.6	40.1	36	64.1
Income from continuing operations	75.4	153	137.2	230.4
Discontinued operations:
Provision for (benefit from) income taxes	0	0.1	0	(1.9)
(Loss) income from discontinued operations	0	(0.1)	0	1.9
Net income	$ 75.4	$ 152.9	$ 137.2	$ 232.3
Basic earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	$ 1.37	$ 2.68	$ 2.47	$ 4.01
Income from discontinued operations (in dollars per share)	0	0	0	0.03
Basic earnings per share (in dollars per share)	1.37	2.68	2.47	4.04
Diluted earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	1.36	2.65	2.45	3.98
Income from discontinued operations (in dollars per share)	0	0	0	0.03
Diluted earnings per share (in dollars per share)	$ 1.36	$ 2.65	$ 2.45	$ 4.01
Average shares outstanding:
Basic weighted-average shares outstanding (in shares)	54,800	57,000	55,300	57,200
Diluted (in shares)	55,200	57,600	55,800	57,700
Comprehensive income:
Net income	$ 75.4	$ 152.9	$ 137.2	$ 232.3
Other comprehensive income (loss), net of tax:
Foreign currency gains (losses)	7.8	(3.6)	(20.5)	0.3
Amortization of unrecognized net periodic benefit costs, net of tax	1	0.6	2	1.3
Other, net of tax	0.7	(1.6)	(17.5)	0
Other comprehensive income (loss)	9.5	(4.6)	(36)	1.6
Comprehensive income	$ 84.9	$ 148.3	$ 101.2	$ 233.9

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 737.7	$ 351.2
Receivables, net of allowance for credit losses of $7.6 million and $6.6 million, respectively	692.5	682.5
Inventories, net	547.8	510.6
Contract assets	101.9	100.5
Prepaid expenses	25.2	30.5
Other current assets	47.8	76.7
Total current assets	2,152.9	1,752
Property, plant, and equipment, net	764.3	783.5
Goodwill, net	1,708.3	1,716.3
Other intangible assets, net	1,083.9	1,140.6
Other long-term assets	98.9	103.6
Total assets	5,808.3	5,496
Current liabilities:
Accounts payable	321.3	327.3
Accrued and other current liabilities	259.9	294.5
Contract liabilities	31.9	27
Current portion of debt	0.8	250.2
Total current liabilities	613.9	899
Long-term liabilities:
Long-term debt, less current portion	2,077.2	1,341.4
Contract liabilities	226.9	220.4
Other long-term liabilities	374.1	392.4
Total long-term liabilities	2,678.2	1,954.2
Shareholders' equity:
Preferred stock, $1 par value per share (5.0 shares authorized and unissued)	0	0
Common stock, $1 par value per share (200.0 shares authorized; 54.4 and 55.7 shares outstanding, respectively)	78.7	78.7
Additional paid-in capital	424.5	413.7
Deferred compensation equity	3.3	2.9
Treasury shares, at cost (24.0 and 22.7 shares, respectively)	(1,632.7)	(1,449.7)
Accumulated other comprehensive loss	(160.1)	(124.1)
Retained earnings	3,802.5	3,721.3
Total shareholders' equity	2,516.2	2,642.8
Total liabilities and equity	$ 5,808.3	$ 5,496

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Receivables allowance	$ 7.6	$ 6.6
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized shares (in shares)	5,000,000	5,000,000
Preferred stock, unissued shares (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	54,400,000	55,700,000
Treasury, shares (in shares)	24,000,000	22,700,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net income	$ 137.2	$ 232.3
Reconciliation of net income to net cash provided by operating activities:
Depreciation	49.1	43.8
Amortization	63.7	56.2
Lease expense	14.1	13.2
Stock-based compensation	14.9	11.3
Loss on extinguishment of debt	8.8	0
Deferred taxes	(1.1)	(1.9)
Other operating activities, net	11.5	7.9
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables	(11.8)	(184.6)
Inventories	(48.4)	(6.4)
Contract assets	(1.4)	(13.4)
Prepaid expenses and other assets	29.4	26.9
Accounts payable	(5)	71
Accrued and other current liabilities	(31.8)	(47.3)
Contract liabilities	11.5	7.2
Other long-term liabilities	(14.4)	(19.1)
Net cash provided by operating activities	226.3	197.1
Investing activities:
Capital expenditures	(48.5)	(41)
Acquisitions, net of cash acquired	(2.4)	(272)
Other investing activities, net	0.9	1.1
Net cash used in investing activities	(50)	(311.9)
Financing activities:
Proceeds from notes	740.7	0
Repayment of notes	(258.5)	0
Borrowings from revolving credit facility	500	0
Repayments of revolving credit facility	(500)	0
Financing costs	(24.2)	0
Repurchases of common stock	(191.8)	(232.1)
Dividends paid	(56)	(46.2)
Proceeds from exercise of stock options	11.4	20.5
Withholding tax paid related to stock-based compensation	(6.4)	(9.3)
Other financing activities, net	(0.5)	(0.1)
Net cash used in financing activities	214.7	(267.2)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(4.5)	0.4
Change in cash and cash equivalents	386.5	(381.6)
Cash and cash equivalents at beginning of period	351.2	803.6
Cash and cash equivalents at end of period	$ 737.7	$ 422

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Millions		Total	Common Stock	Additional Paid-In Capital	Deferred Compensation Equity	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Shares in Treasury
Balance at the beginning of the period at Dec. 31, 2018		$ 2,597.4	$ 78.7	$ 383.8	$ 8	$ (122.1)	$ 3,351.4	$ (1,102.4)
Balance (in shares) at Dec. 31, 2018			57,900,000					20,500,000
Increase (Decrease) in Shareholders' Equity
Net income		232.3					232.3
Other comprehensive income (loss), net of tax		1.6				1.6
Cash dividends		(46.2)					(46.2)
Repurchases of common stock		(224.9)						$ (224.9)
Repurchases of common stock (in shares)			(1,900,000)					1,900,000
Issuances and deferrals. net for stock based compensation (1)	[1]	23		13.5	(5)			$ 14.5
Issuances and deferrals, net for stock based compensation (in shares)	[1]		400,000					(400,000)
Balance at the end of the period at Jun. 30, 2019		2,583.2	$ 78.7	397.3	3	(120.5)	3,537.5	$ (1,312.8)
Balance (in shares) at Jun. 30, 2019			56,400,000					22,000,000
Balance at the beginning of the period at Mar. 31, 2019		2,524.7	$ 78.7	390.1	7.8	(115.9)	3,407.5	$ (1,243.5)
Balance (in shares) at Mar. 31, 2019			56,800,000					21,600,000
Increase (Decrease) in Shareholders' Equity
Net income		152.9					152.9
Other comprehensive income (loss), net of tax		(4.6)				(4.6)
Cash dividends		(22.9)					(22.9)
Repurchases of common stock		(75)						$ (75)
Repurchases of common stock (in shares)			(600,000)					600,000
Issuances and deferrals. net for stock based compensation (1)	[1]	8.1		7.2	(4.8)			$ 5.7
Issuances and deferrals, net for stock based compensation (in shares)	[1]		200,000					(200,000)
Balance at the end of the period at Jun. 30, 2019		2,583.2	$ 78.7	397.3	3	(120.5)	3,537.5	$ (1,312.8)
Balance (in shares) at Jun. 30, 2019			56,400,000					22,000,000
Balance at the beginning of the period at Dec. 31, 2019		$ 2,642.8	$ 78.7	413.7	$ 2.9	(124.1)	3,721.3	$ (1,449.7)
Balance (in shares) at Dec. 31, 2019		55,700,000	55,700,000					22,700,000
Increase (Decrease) in Shareholders' Equity
Net income		$ 137.2					137.2
Other comprehensive income (loss), net of tax		(36)				(36)
Cash dividends		(56)					(56)
Repurchases of common stock		(191.8)						$ (191.8)
Repurchases of common stock (in shares)			(1,500,000)					1,500,000
Issuances and deferrals. net for stock based compensation (1)	[1]	20		10.8				$ 8.8
Issuances and deferrals, net for stock based compensation (in shares)	[1]		200,000		400,000			(200,000)
Balance at the end of the period at Jun. 30, 2020		$ 2,516.2	$ 78.7	424.5	$ 3.3	(160.1)	3,802.5	$ (1,632.7)
Balance (in shares) at Jun. 30, 2020		54,400,000	54,400,000					24,000,000
Balance at the beginning of the period at Mar. 31, 2020		$ 2,518.5	$ 78.7	418.7	$ 3.4	(169.6)	3,754.8	$ (1,567.5)
Balance (in shares) at Mar. 31, 2020			54,900,000					23,500,000
Increase (Decrease) in Shareholders' Equity
Net income		75.4					75.4
Other comprehensive income (loss), net of tax		9.5				9.5
Cash dividends		(27.7)					(27.7)
Repurchases of common stock		(66.5)						$ (66.5)
Repurchases of common stock (in shares)			(500,000)					500,000
Issuances and deferrals. net for stock based compensation (1)	[1]	7		5.8				$ 1.3
Issuances and deferrals, net for stock based compensation (in shares)	[1]		0		(100,000)			0
Balance at the end of the period at Jun. 30, 2020		$ 2,516.2	$ 78.7	$ 424.5	$ 3.3	$ (160.1)	$ 3,802.5	$ (1,632.7)
Balance (in shares) at Jun. 30, 2020		54,400,000	54,400,000					24,000,000
[1]	Issuances and deferrals, net for stock-based compensation reflects share activity related to option exercises, restricted and performance shares vested, and net issuances and deferrals associated with deferred compensation equity.

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.50	$ 0.40	$ 1	$ 0.80

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by Carlisle Companies Incorporated (the "Company" or "Carlisle"). The accompanying unaudited Condensed Consolidated Financial Statements do not include all disclosures as required by accounting principles generally accepted in the United States of America ("United States" or "U.S."), and should be read in conjunction with the Company’s audited Consolidated Financial Statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2019. The accompanying unaudited Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. and, of necessity, include some amounts that are based upon management estimates and judgments. The accompanying unaudited Condensed Consolidated Financial Statements include assets, liabilities, revenues and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation. In the Company's opinion, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting solely of adjustments of a normal, recurring nature, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. During the first quarter of 2020, the Company revised the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows to reclassify contract assets from receivables, net to a separately disclosed line item. During the third quarter of 2019, the Company revised the Condensed Consolidated Statements of Income to reclassify interest income from interest expense, net to a separately disclosed line item. The Company has reclassified certain prior period amounts to conform to the current period presentation.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New Accounting Standards Adopted In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) ("ASU 2016-13") which adds to accounting principles generally accepted in the U.S. an impairment model (known as the current expected credit losses model) that is based on expected losses rather than incurred losses. Under ASU 2016-13, an entity recognizes, as an allowance, its estimate of lifetime expected credit losses, which the FASB believes will result in more timely recognition of such losses. The Company adopted ASU 2016-13 and all related amendments effective January 1, 2020, using the modified retrospective method, which allows for a cumulative-effect adjustment to the statement of financial position as of the beginning of the first reporting period in which the guidance is effective. Periods prior to the adoption date that are presented for comparative purposes are not adjusted. The adoption of this standard did not require an implementation adjustment and did not materially impact the Company's consolidated net income or cash flows. Changes in the Company's allowance for credit losses by segment follows: (in millions) CCM CIT CFT CBF Corporate Total Balance as of January 1, 2020 $ 2.2 $ 1.6 $ 1.1 $ 1.2 $ 0.5 $ 6.6 Current period provision 1.2 — 0.1 0.3 — 1.6 Amounts written off (0.4) (0.2) — — — (0.6) Balance as of June 30, 2020 $ 3.0 $ 1.4 $ 1.2 $ 1.5 $ 0.5 $ 7.6 Receivables are stated at amortized cost net of allowance for credit losses. The Company performs ongoing evaluations of its customers’ current creditworthiness, as determined by the review of their credit information to determine if events have occurred subsequent to the recognition of revenue and the related receivable that provides evidence that such receivable will be realized in an amount less than that recognized at the time of sale. Estimates of credit losses are based on historical losses, current economic conditions, geographic considerations, and in some cases, evaluating specific customer accounts for risk of loss.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has organized its operations into four segments, based on the products it sells, as follows: Carlisle Construction Materials ("CCM") —the principal products of this segment are rubber (EPDM), thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes and coatings and waterproofing products. In addition, CCM offers a broad range of specialty polyurethane products and solutions across a broad array of markets and applications, and metal panel roofing primarily for residential and commercial markets. CCM also manufactures and distributes energy-efficient rigid foam insulation panels for substantially all roofing applications. The markets served primarily include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants and coatings and waterproofing. Carlisle Interconnect Technologies ("CIT") —the principal products of this segment are high-performance wire, cable, connectors, contacts and cable assemblies for the transfer of power and data primarily for the aerospace, defense electronics, test and measurement equipment and select industrial markets, and highly engineered products and services to the medical device market. Carlisle Fluid Technologies ("CFT") —the principal products of this segment are industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings used in the transportation, general industrial, protective coating, wood, specialty and auto refinishing markets. Carlisle Brake & Friction ("CBF") —the principal products of this segment include high-performance brakes and friction material and clutch and transmission friction material for the construction, agriculture, mining, on-highway, aerospace and motor sports markets. A summary of segment information follows: Three Months Ended June 30, 2020 2019 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 734.9 $ 137.6 $ 915.0 $ 182.5 Carlisle Interconnect Technologies 184.0 (1.5) 245.4 35.9 Carlisle Fluid Technologies 46.5 (5.2) 67.3 3.3 Carlisle Brake & Friction 58.8 (1.6) 87.1 8.3 Segment total 1,024.2 129.3 1,314.8 230.0 Corporate and unallocated (1) — (15.9) — (22.8) Total $ 1,024.2 $ 113.4 $ 1,314.8 $ 207.2 Six Months Ended June 30, 2020 2019 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 1,411.3 $ 245.3 $ 1,586.1 $ 275.4 Carlisle Interconnect Technologies 408.5 14.9 491.8 66.5 Carlisle Fluid Technologies 104.8 (2.4) 130.4 9.7 Carlisle Brake & Friction 129.8 (5.4) 178.4 14.8 Segment total 2,054.4 252.4 2,386.7 366.4 Corporate and unallocated (1) — (36.3) — (44.5) Total $ 2,054.4 $ 216.1 $ 2,386.7 $ 321.9 (1) Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions Providien, LLC On November 20, 2019, the Company completed its acquisition of Providien, LLC ("Providien"), for consideration of $331.3 million, including $3.4 million of cash acquired and post-closing adjustments, which were finalized in the first quarter of 2020. The product lines acquired include thermoforming, medical device contract manufacturing, precision machining and metals, and medical injection molding for the global medical device market. The following table summarizes the consideration transferred to acquire the Providien product lines and related operating and non-operating assets and liabilities and the preliminary allocation of the purchase price among them. The acquisition has been accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification ("ASC") 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation studies. Preliminary Measurement Period Adjustments Preliminary Allocation (in millions) As of 11/20/2019 As of Total cash consideration transferred $ 332.1 $ (0.8) $ 331.3 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 3.4 — 3.4 Receivables, net 9.8 — 9.8 Inventories, net 2.7 — 2.7 Contract assets 29.1 — 29.1 Prepaid expenses and other current assets 2.3 — 2.3 Property, plant and equipment 12.9 — 12.9 Definite-lived intangible assets 135.4 (2.7) 132.7 Other long-term assets 7.1 (0.3) 6.8 Accounts payable (6.0) — (6.0) Income tax payable (0.7) — (0.7) Accrued and other current liabilities (7.0) — (7.0) Other long-term liabilities (8.1) 0.5 (7.6) Deferred income taxes (27.1) 6.9 (20.2) Total identifiable net assets 153.8 4.4 158.2 Goodwill $ 178.3 $ (5.2) $ 173.1 The preliminary goodwill recognized in the acquisition of Providien reflects market participant synergies attributable to significant raw material purchase synergies with CIT, other administrative synergies, the value of the assembled workforce to Carlisle and opportunities for product line expansions. The Company acquired $9.8 million of gross contractual accounts receivable, of which less than $0.1 million was not expected to be collected at the date of acquisition. All of the goodwill has been preliminarily assigned to the CIT reporting unit, which aligns with the CIT reportable segment. Goodwill totaled $173.1 million, of which $66.5 million is preliminarily deductible for tax purposes. The $132.7 million preliminary value allocated to definite-lived intangible assets consists of $108.7 million of customer relationships with a useful life between 13 to 37 years, various acquired technologies of $19.5 million with a useful life of six two Petersen Aluminum Corporation On January 11, 2019, the Company acquired 100% of the equity of Petersen Aluminum Corporation ("Petersen"), for consideration of $207.2 million, including $5.2 million of cash acquired and post-closing adjustments, which were finalized in the first quarter of 2019. The products acquired include architectural metal roof panels, steel and aluminum flat sheets and coils, wall panels, perimeter roof edge systems and related accessories for commercial, residential, institutional, industrial and agricultural markets. In the three months ended June 30, 2019, and the period from January 11, 2019 to June 30, 2019, the related product lines contributed revenues of $48.3 million and $83.8 million, respectively, and operating income of $3.7 million and $3.6 million, respectively, to the Company's consolidated results. The results of operations of the acquired business are reported as part of the CCM segment. The following table summarizes the consideration transferred to acquire Petersen and the allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. Preliminary Measurement Final (in millions) As of 1/11/2019 As of 12/31/2019 Total cash consideration transferred $ 207.2 $ — $ 207.2 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 5.2 — 5.2 Receivables, net 11.5 — 11.5 Inventories, net 39.5 (0.3) 39.2 Prepaid expenses and other current assets 2.1 — 2.1 Property, plant and equipment 17.8 — 17.8 Definite-lived intangible assets 109.3 0.8 110.1 Other long-term assets 9.5 — 9.5 Accounts payable (5.9) — (5.9) Income tax payable 1.7 — 1.7 Accrued and other current liabilities (8.7) — (8.7) Other long-term liabilities (12.4) (0.1) (12.5) Deferred income taxes (25.4) (0.2) (25.6) Total identifiable net assets 144.2 0.2 144.4 Goodwill $ 63.0 $ (0.2) $ 62.8 The goodwill recognized in the acquisition of Petersen reflects market participant synergies attributable to significant raw material purchase synergies with CCM, other administrative synergies and the assembled workforce to Carlisle, in addition to opportunities for product line expansions. The Company acquired $11.6 million of gross contractual accounts receivable, of which $0.1 million was not expected to be collected at the date of acquisition. All of the goodwill has been assigned to the CCM reporting unit, which aligns with the CCM reportable segment, and none of the goodwill is deductible for tax purposes. The $110.1 million value allocated to definite-lived intangible assets consists of $79.7 million of customer relationships with a useful life of 11 years, $27.9 million of trade names with a useful life of 17 years and various acquired technologies of $2.5 million with a useful life of 10 years. In accordance with the purchase agreement, Carlisle is indemnified for up to $5.2 million, and recorded an indemnification asset of $5.2 million in other long-term assets relating to the indemnification for pre-acquisition income tax liabilities. During the first six months of 2020 the Company released $3.0 million of the indemnification asset acquisition related to escrow expirations. The Company has also recorded, as part of the purchase price allocation, deferred tax liabilities related to intangible assets of approximately $25.6 million. MicroConnex Corporation On April 1, 2019, the Company acquired 100% of the equity of MicroConnex Corporation ("MicroConnex") for cash consideration of approximately $46.2 million, including $0.8 million of cash acquired and post-closing adjustments, which were finalized in the third quarter of 2019. The acquired product lines include highly engineered microminiature flex circuits and sensors for the medical and test and measurement markets. The product lines contributed revenues of $3.0 million and an operating loss of $0.6 million for the period from April 1, 2019 to June 30, 2019. The results of operations of the acquired business are reported within the CIT segment. Consideration of $15.2 million has been allocated to goodwill, $27.4 million to definite-lived intangible assets, $0.9 million to inventory, $3.4 million to accounts receivable, $0.6 million to accounts payable and $7.0 million to deferred income taxes. Definite-lived intangible assets consist of customer relationships with an useful life of 12 years, trade names with a useful life of 17 years and acquired technologies with a useful life of five years. None of the $15.2 million allocated to goodwill is deductible for tax purposes. All of the goodwill has been assigned to the CIT reporting unit, which aligns with the reportable segment.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per ShareThe Company’s restricted shares contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The computation below of earnings per share excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator. The computation below of earnings per share includes the income attributable to the vested and deferred restricted shares and restricted stock units in the numerator and includes the dilutive impact of those underlying shares in the denominator. Stock options are included in the calculation of diluted earnings per share utilizing the treasury stock method and performance share awards are included in the calculation of diluted earnings per share considering those are contingently issuable. Neither is considered to be a participating security as they do not contain non-forfeitable dividend rights. Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows: Three Months Ended Six Months Ended (in millions, except per share amounts) 2020 2019 2020 2019 Income from continuing operations $ 75.4 $ 153.0 $ 137.2 $ 230.4 Less: dividends declared (27.7) (22.9) (56.0) (46.2) Undistributed earnings 47.7 130.1 81.2 184.2 Percent allocated to common shareholders (1) 99.7 % 99.7 % 99.7 % 99.7 % 47.6 129.7 81.0 183.6 Add: dividends declared on common stock, restricted share units and vested and deferred restricted and performance shares 27.7 22.9 55.9 46.1 Income from continuing operations attributable to common shares $ 75.3 $ 152.6 $ 136.9 $ 229.7 Shares: Basic weighted-average shares outstanding 54.8 57.0 55.3 57.2 Effect of dilutive securities: Performance awards 0.2 0.2 0.2 0.2 Stock options 0.2 0.4 0.3 0.3 Diluted weighted-average shares outstanding 55.2 57.6 55.8 57.7 Per share income from continuing operations attributable to common shares: Basic $ 1.37 $ 2.68 $ 2.47 $ 4.01 Diluted $ 1.36 $ 2.65 $ 2.45 $ 3.98 (1) Basic weighted-average common shares outstanding 54.8 57.0 55.3 57.2 Basic weighted-average shares outstanding and unvested restricted shares expected to vest 55.0 57.1 55.5 57.4 Percent allocated to common shareholders 99.7 % 99.7 % 99.7 % 99.7 % To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table. Three Months Ended Six Months Ended (in millions) 2020 2019 2020 2019 Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ — $ (0.1) $ — $ 1.9 Net income attributable to common shareholders for basic and diluted earnings per share 75.3 152.5 136.9 231.6 Anti-dilutive stock options excluded from EPS calculation (1) 0.5 — 0.3 0.4 (1) Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company receives payment at the inception of the contract for separately priced extended service warranties, and revenue is deferred and recognized on a straight-line basis over the life of the contracts. Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2020, follows: (in millions) Remainder of 2020 2021 2022 2023 2024 2025 Thereafter Extended service warranties $ 11.4 $ 21.8 $ 20.6 $ 19.4 $ 18.3 $ 17.4 $ 140.0 The Company has applied the practical expedient to not disclose information about remaining performance obligations that have original expected durations of one year or less. Contract Balances Contract liabilities relate to payments received in advance of performance under a contract and primarily include extended service warranties in the CCM segment, systems contracts in the CFT segment, and highly customized product contracts within the CIT segment. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 247.4 $ 227.4 Revenue recognized (28.8) (30.2) Revenue deferred 40.2 35.3 Acquired liabilities — 2.7 Balance as of June 30 $ 258.8 $ 235.2 Contract assets relate to the Company's right to payment for performance completed to date under a contract and primarily include highly customized product contracts within the CIT segment and systems contracts in the CFT segment. Accounts receivable are recorded when the right to payment becomes unconditional. A summary of the change in contract assets for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 100.5 $ 44.7 Balance as of June 30 101.9 58.1 Change in contract assets $ 1.4 $ 13.4 Revenues by End-Market A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows: Three Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total General construction $ 699.2 $ — $ — $ — $ 699.2 Aerospace — 80.8 — 2.9 83.7 Heavy equipment 14.0 — — 48.5 62.5 Transportation — — 23.2 5.2 28.4 Medical — 62.8 — — 62.8 General industrial and other 21.7 40.4 23.3 2.2 87.6 Total revenues $ 734.9 $ 184.0 $ 46.5 $ 58.8 $ 1,024.2 Three Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total General construction $ 860.5 $ — $ — $ — $ 860.5 Aerospace — 164.6 — 5.7 170.3 Heavy equipment 28.2 — — 69.5 97.7 Transportation — — 36.4 8.4 44.8 Medical — 37.6 — — 37.6 General industrial and other 26.3 43.2 30.9 3.5 103.9 Total revenues $ 915.0 $ 245.4 $ 67.3 $ 87.1 $ 1,314.8 Six Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total General construction $ 1,335.0 $ — $ — $ — $ 1,335.0 Aerospace — 217.5 — 8.8 226.3 Heavy equipment 35.5 — — 102.6 138.1 Transportation — — 58.5 13.4 71.9 Medical — 111.0 — — 111.0 General industrial and other 40.8 80.0 46.3 5.0 172.1 Total revenues $ 1,411.3 $ 408.5 $ 104.8 $ 129.8 $ 2,054.4 Six Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total General construction $ 1,482.1 $ — $ — $ — $ 1,482.1 Aerospace — 338.4 — 10.3 348.7 Heavy equipment 55.4 — — 144.7 200.1 Transportation — — 68.7 17.6 86.3 Medical — 68.6 — — 68.6 General industrial and other 48.6 84.8 61.7 5.8 200.9 Total revenues $ 1,586.1 $ 491.8 $ 130.4 $ 178.4 $ 2,386.7 Revenues by Geographic Area A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows: Three Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total United States $ 657.2 $ 129.3 $ 20.7 $ 22.2 $ 829.4 International: Europe 51.3 20.7 6.4 16.9 95.3 Asia 4.8 18.6 17.4 14.6 55.4 Canada 17.4 0.7 0.8 1.1 20.0 Mexico and Latin America 0.8 5.4 0.8 1.5 8.5 Middle East and Africa 2.4 2.4 0.2 0.2 5.2 Other 1.0 6.9 0.2 2.3 10.4 Total international 77.7 54.7 25.8 36.6 194.8 Total revenues $ 734.9 $ 184.0 $ 46.5 $ 58.8 $ 1,024.2 Three Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total United States $ 824.6 $ 171.4 $ 31.7 $ 34.1 $ 1,061.8 International: Europe 55.2 17.9 12.4 27.0 112.5 Asia 5.6 33.8 21.3 18.3 79.0 Canada 25.0 1.3 1.0 1.3 28.6 Mexico and Latin America 0.8 13.3 0.2 2.7 17.0 Middle East and Africa 2.0 6.2 0.4 0.2 8.8 Other 1.8 1.5 0.3 3.5 7.1 Total international 90.4 74.0 35.6 53.0 253.0 Total revenues $ 915.0 $ 245.4 $ 67.3 $ 87.1 $ 1,314.8 Six Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total United States $ 1,254.1 $ 290.7 $ 49.0 $ 52.9 $ 1,646.7 International: Europe 102.4 40.0 16.8 36.3 195.5 Asia 8.1 37.0 34.3 29.7 109.1 Canada 35.8 1.9 2.2 1.7 41.6 Mexico 2.0 16.6 1.4 3.8 23.8 Middle East and Africa 6.3 7.3 0.7 0.4 14.7 Other 2.6 15.0 0.4 5.0 23.0 Total international 157.2 117.8 55.8 76.9 407.7 Total revenues $ 1,411.3 $ 408.5 $ 104.8 $ 129.8 $ 2,054.4 Six Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total United States $ 1,415.8 $ 353.5 $ 59.7 $ 66.6 $ 1,895.6 International: Europe 107.3 36.3 25.5 57.5 226.6 Asia 9.7 57.6 40.3 38.7 146.3 Canada 42.5 2.4 2.6 1.8 49.3 Mexico 1.2 25.7 0.7 6.0 33.6 Middle East and Africa 5.4 13.5 1.0 0.6 20.5 Other 4.2 2.8 0.6 7.2 14.8 Total international 170.3 138.3 70.7 111.8 491.1 Total revenues $ 1,586.1 $ 491.8 $ 130.4 $ 178.4 $ 2,386.7

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation cost by award type follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Stock option awards $ 2.6 $ 2.5 $ 5.8 $ 5.6 Restricted stock awards 1.9 2.1 4.0 4.1 Performance share awards 1.7 1.5 3.8 3.1 Restricted stock units — — 1.4 1.3 Stock appreciation rights (0.3) 2.1 (3.9) 2.9 Total stock-based compensation cost incurred 5.9 8.2 11.1 17.0 Capitalized credit (cost) during the period 0.1 (2.6) 3.4 (3.8) Amortization of capitalized (credit) cost during the period (3.8) 1.7 0.4 2.3 Total stock-based compensation expense $ 2.2 $ 7.3 $ 14.9 $ 15.5

Exit and Disposal Activities

Exit and Disposal Activities	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Exit and Disposal Activities	Exit and Disposal and Other Restructuring Activities The Company has undertaken operational restructuring and other cost reduction actions to streamline processes and manage costs throughout various departments. These actions resulted in exit, disposal and employee termination benefit costs, primarily resulting from planned reductions in workforce, facility consolidation and relocation, and lease termination costs. The primary actions are discussed below by operating segment. CIT During the second quarter of 2020, the Company initiated plans to exit its manufacturing operations in Mobile, Alabama, and relocate the majority of those operations to its existing manufacturing facility in Franklin, Wisconsin. This project is substantially complete with cumulative exit and disposal costs of $1.4 million, primarily for employee termination benefit costs and the impairment of certain assets, recognized through June 30, 2020. The Company is substantially complete with its project to relocate its aerospace connectors manufacturing operations in El Segundo, California, and Riverside, California, to existing lower cost operations in North America. During the three and six months ended June 30, 2020, exit and disposal costs totaled $0.4 million and $2.3 million, respectively, primarily for facility clean up, travel and employee termination benefit costs. Cumulative exit and disposal costs of $10.9 million were recognized through June 30, 2020. CBF During the first quarter of 2020, the Company initiated plans to consolidate certain operations globally to reduce costs and streamline processes by consolidating certain positions within selling, general and administrative, and manufacturing functions, and exited less profitable product lines that resulted in asset write-offs. During the three and six months ended June 30, 2020, exit and disposal costs totaled $1.4 million and $4.2 million, respectively. Total associated exit and disposal costs are expected to approximate $5.8 million, with approximately $1.6 million of costs remaining to be incurred in the second half of 2020. Other Actions The Company implemented restructuring activities to reduce its overall headcount as a result of general market declines from the coronavirus global pandemic ("COVID-19"). These actions resulted in severance payments of $2.8 million and $2.1 million at CIT and CFT, respectively, during the three months ended June 30, 2020. CCM incurred $0.2 million and $0.3 million in severance payments for the three and six months ended June 30, 2020, respectively. Consolidated Summary The Company's exit and disposal costs by activity follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Employee severance and benefit arrangements $ 6.5 $ 0.4 $ 8.4 $ 6.1 Accelerated depreciation and impairments 1.0 — 2.2 — Facility cleanup costs — — 0.8 — Relocation costs 0.1 — 0.3 0.1 Lease termination costs — 0.4 — 0.9 Other restructuring costs 0.7 0.7 1.4 1.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's exit and disposal costs by segment follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Carlisle Interconnect Technologies $ 4.6 $ 0.9 $ 6.5 $ 4.8 Carlisle Brake & Friction 1.4 0.5 4.2 1.2 Carlisle Fluid Technologies 2.1 0.1 2.1 2.1 Carlisle Construction Materials 0.2 — 0.3 0.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's exit and disposal costs by financial statement line item follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Cost of goods sold $ 3.1 $ 0.9 $ 6.1 $ 4.5 Selling and administrative expenses 3.6 0.6 5.2 3.5 Research and development expenses — — — 0.1 Other operating expense, net 1.6 — 1.8 0.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's change in exit and disposal activities liability follows: (in millions) Total Balance as of December 31, 2019 $ 5.2 Charges 13.1 Cash payments (15.1) Balance as of June 30, 2020 $ 3.2 The liability of $3.2 million primarily relates to employee severance and benefit arrangements and is included in accrued and other current liabilities.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate on continuing operations for the six months ended June 30, 2020, was 20.8%. The year-to-date provision for income taxes included taxes on earnings at an anticipated rate of 24.0% and a year-to-date net discrete tax benefit of $5.3 million. The year-to-date net discrete tax benefit relates primarily to a reduction of unrecognized income tax benefits of $5.5 million. The effective income tax rate on continuing operations for the six months ended June 30, 2019, was 21.8%.

Inventories, net

Inventories, net	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net (in millions) June 30, December 31, Raw materials $ 246.2 $ 241.0 Work-in-process 44.2 45.2 Finished goods 298.4 260.9 Reserves (41.0) (36.5) Inventories, net $ 547.8 $ 510.6

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, net	Goodwill and Other Intangible Assets, net Goodwill In the second quarter of 2020, changes in facts and circumstances and general market declines from COVID-19 resulted in reduced expectations of future operating results. The Company considered these circumstances and the potential long-term impact on cash flows associated with its reporting units and determined that an indicator of possible impairment existed within its CFT and CBF reporting units. Accordingly, the Company performed a quantitative impairment analysis to determine the fair values of those reporting units. The Company used both an income approach utilizing the discounted cash flow method ("DCF") and a market approach utilizing the public company market multiple method. The key techniques and assumptions used include: Valuation Technique Key Assumptions Discounted future cash flows • Estimated future revenues • Earnings before interest, taxes, depreciation and amortization ("EBITDA") margins • Discount rates Market multiple method • Peer public company group • Financial performance of reporting units relative to peer public company group Based on the output of the analysis, the Company determined that the fair values of both the CFT and CBF reporting units exceeded their carrying amounts. Accordingly, no impairment charges were required as of June 30, 2020. The changes in the carrying amount of goodwill, net by segment follows: (in millions) CCM CIT CFT CBF (1) Total Balance as of December 31, 2019 $ 597.1 $ 835.2 $ 187.5 $ 96.5 $ 1,716.3 Goodwill acquired during year (2) 1.5 — — — 1.5 Measurement period adjustments (3) — (5.2) — — (5.2) Currency translation and other (0.4) (2.5) (1.3) (0.1) (4.3) Balance as of June 30, 2020 $ 598.2 $ 827.5 $ 186.2 $ 96.4 $ 1,708.3 (1) CBF goodwill, net is presented net of accumulated impairment losses of $130.0 million recorded in 2016. No other segments have incurred impairment losses. (2) The Company acquired one business for an aggregate purchase price of $3.2 million during the first six months of 2020. (3) Refer to Note 4 for further information on goodwill resulting from recent acquisitions. Indefinite-Lived Intangible Assets As noted above, in the second quarter of 2020 changes in facts and circumstances and general market declines from COVID-19 resulted in reduced revenues. The Company considered these circumstances and the potential long-term impact on revenues associated with its trade names and determined that an indicator of possible impairment existed within its CFT and CBF trade names. Accordingly, the Company performed a quantitative impairment analysis to determine the fair values of its CFT and CBF indefinite-lived trade names using an income approach, commonly known as the relief from royalty method. Key assumptions made by management in developing the inputs to the associated model include growth rates, expected royalty rates, discount rates and tax rates. Based on the output of the analysis, the Company determined that the fair values of both the CFT and CBF indefinite-lived trade names exceeded their carrying amounts. Accordingly, no impairment charges were required as of June 30, 2020. A summary of the Company's other intangible assets, net follows: June 30, 2020 December 31, 2019 (in millions) Acquired Cost Accumulated Amortization Net Book Value Acquired Cost Accumulated Amortization Net Book Value Assets subject to amortization: Customer relationships $ 1,048.8 $ (392.8) $ 656.0 $ 1,054.4 $ (354.9) $ 699.5 Technology and intellectual property 304.1 (185.8) 118.3 304.1 (167.0) 137.1 Trade names and other 111.5 (44.4) 67.1 100.0 (38.7) 61.3 Assets not subject to amortization: Trade names 242.5 — 242.5 242.7 — 242.7 Other intangible assets, net $ 1,706.9 $ (623.0) $ 1,083.9 $ 1,701.2 $ (560.6) $ 1,140.6 The net book values of other intangible assets, net by reportable segment follows: (in millions) June 30, December 31, Carlisle Construction Materials $ 321.5 $ 345.3 Carlisle Interconnect Technologies 413.1 441.0 Carlisle Fluid Technologies 262.3 272.8 Carlisle Brake & Friction 77.1 80.2 Corporate 9.9 1.3 Total $ 1,083.9 $ 1,140.6

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt (in millions) Fair Value (1) June 30, December 31, June 30, December 31, 2.75% Notes due 2030 $ 750.0 $ — $ 768.2 $ — 3.75% Notes due 2027 600.0 600.0 658.8 623.4 3.5% Notes due 2024 400.0 400.0 427.0 414.2 3.75% Notes due 2022 350.0 350.0 366.6 361.4 5.125% Notes due 2020 — 250.0 — 255.0 Unamortized discount, debt issuance costs and other (22.0) (8.4) Total long term-debt 2,078.0 1,591.6 Less: current portion of long-term debt 0.8 250.2 Total long term-debt, net of current portion $ 2,077.2 $ 1,341.4 (1) The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy. 2.75% Notes Due 2030 On February 28, 2020, the Company completed a public offering of $750.0 million of notes with a stated interest rate of 2.75% due March 1, 2030 (the “2030 Notes”). The 2030 Notes were issued at a discount of $9.3 million, resulting in proceeds to the Company of $740.7 million. The Company incurred costs, primarily underwriting fees, to issue the 2030 Notes of approximately $6.5 million. Additionally in the first quarter of 2020, the Company entered into interest rate derivative instruments to hedge variability in future interest payments on the 2030 Notes of the 10-year US Treasury Rate ("treasury locks"), which were designated as hedges, and settled resulting in a loss of $16.4 million. The discount and issuance costs of $15.8 million are reflected net within long-term debt on the Condensed Consolidated Balance Sheets and the loss on treasury locks of $16.4 million is reflected in accumulated other comprehensive income on the Condensed Consolidated Balance Sheets. These costs are amortized to interest expense over the life of the 2030 Notes using the effective interest method. Interest is paid each March 1 and September 1, commencing on September 1, 2020. Repayment of 5.125% Notes Due 2020 On February 28, 2020, the Company issued a notice for the redemption in full of the $250.0 million aggregate principal amount of its outstanding 5.125% notes due December 15, 2020 (the “2020 Notes”). The 2020 Notes were redeemed on March 29, 2020 (the “Redemption Date”) at the redemption price of $262.1 million, consisting of the principal amount of $250.0 million, $8.4 million premium for early redemption and $3.7 million of interest to the redemption date. The premium along with remaining unamortized issuance costs of $8.8 million are reflected in loss on extinguishment of debt and the $3.7 million of interest is reflected in interest expense in the Condensed Consolidated Statements of Income in the first quarter of 2020. Revolving Credit Facility (the “Facility”) On February 5, 2020, the Company entered into the Company's Fourth Amended and Restated Credit Agreement (the “Amendment”) administered by JPMorgan Chase Bank, N.A. Among other things, the Amendment extended the maturity date of the Facility from February 21, 2022, to February 5, 2025. During the first quarter of 2020, the Company incurred $1.3 million of financing costs to finalize the amendment, which are recognized ratably over the extended maturity date of the Facility. The Facility has a feature that allows the Company to increase availability, at our option, by an aggregate amount of up to $500.0 million through increased commitments from existing lenders or the addition of new lenders. Under the Facility the Company may also enter into commitments in the form of standby, commercial, or direct pay letters of credit for an amount not to exceed $50.0 million. The Facility provides for grid-based interest pricing based on the credit rating of the senior unsecured bank debt or other unsecured senior debt. The Facility is also subject to fees based on applicable rates as defined in the agreement and the aggregate commitment, regardless of usage. During the six months ended June 30, 2020, borrowings and repayments under the Facility totaled $500.0 million with a weighted average interest rate of 1.9%. As of June 30, 2020 and December 31, 2019, the Facility had no outstanding balance and $1.0 billion available for use. Covenants and Limitations Under the Company’s debt and credit facilities, the Company is required to meet various restrictive covenants and limitations, including limitations on certain leverage ratios, interest coverage, and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all covenants and limitations as of June 30, 2020 and December 31, 2019. Letters of Credit and Guarantees During the normal course of business, the Company enters into commitments in the form of letters of credit and bank guarantees to provide financial and performance assurance to third parties. As of June 30, 2020 and December 31, 2019, the Company had $26.0 million and $25.5 million, in letters of credit and bank guarantees outstanding, respectively. The Company has multiple arrangements to obtain letters of credit, which include an agreement with unspecified availability and separate agreements for up to $80.0 million in letters of credit, of which $54.2 million was available for use as of June 30, 2020.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Defined Benefit Plans The Company recognizes net periodic benefit cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. The components of net periodic benefit cost follows: Three Months Ended Six Months Ended (in millions) 2020 2019 2020 2019 Service cost $ 0.8 $ 0.7 $ 1.5 $ 1.4 Interest cost 1.2 1.5 2.3 3.0 Expected return on plan assets (2.5) (2.4) (4.9) (4.8) Amortization of unrecognized loss (1) 1.3 0.8 2.7 1.7 Net periodic benefit cost $ 0.8 $ 0.6 $ 1.6 $ 1.3 (1) Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.3) million and $(0.6) million for the three and six months ended June 30, 2020, respectively, and $(0.2) million and $(0.4) million for the three and six months ended June 30, 2019, respectively. The components of net periodic benefit cost, other than the service cost component, are included in other non-operating income, net. Defined Contribution Plans Deferred Compensation - Cash The Company has established a Rabbi Trust to provide for a degree of financial security to cover its obligations with its deferred compensation plan. Contributions to the Rabbi Trust by the Company are made at the discretion of management and generally are made in cash and invested in money-market funds. The Company consolidates the Rabbi Trust and therefore includes the investments in its Condensed Consolidated Balance Sheets. As of June 30, 2020 and December 31, 2019, the Company had $7.0 million and $6.1 million of cash, respectively, and $5.6 million and $5.5 million of short-term investments, respectively. The short-term investments are measured at fair value using quoted market prices in active markets (i.e., Level 1 measurements) with changes in fair value recorded in net income and the associated cash flows presented as operating cash flows.

Standard Product Warranties

Standard Product Warranties	6 Months Ended
	Jun. 30, 2020
Standard Product Warranty Disclosure [Abstract]
Standard Product Warranties	Standard Product Warranties The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies and braking products. The Company’s liability for such warranty programs is included in accrued and other current liabilities. The change in standard product warranty liabilities for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 29.2 $ 31.9 Provision 7.3 9.8 Claims (6.6) (10.4) Balance as of June 30 $ 29.9 $ 31.3

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Foreign Currency Forward Contracts The Company uses foreign currency forward contracts to hedge a portion of its foreign currency exchange rate exposure to forecasted foreign currency denominated cash flows. These instruments are not held for speculative or trading purposes. A summary of the Company's designated and non-designated cash flow hedges follows: June 30, 2020 December 31, 2019 (in millions) Fair Value (1) Notional Value Fair Value (1) Notional Value Designated hedges $ 0.2 $ 92.0 $ 2.0 $ 108.1 Non-designated hedges (0.2) 33.3 0.6 124.4 (1) The fair value of foreign currency forward contracts is included in other current assets. The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy. Designated Hedges For instruments that are designated and qualify as cash flow hedges, the Company had foreign currency forward contracts with maturities less than one year. The changes in the fair value of the contracts are recorded in accumulated other comprehensive income (loss) and recognized in the same line item as the impact of the hedged item, revenues or cost of sales, when the underlying forecasted transaction impacts earnings. The change in accumulated other comprehensive income (loss) related to foreign currency cash flow hedges was immaterial for the three and six months ended June 30, 2020 and 2019. Gains and losses on the contracts representing hedge components excluded from the assessment of hedge effectiveness are recognized in the same line item as the hedged item, revenues or cost of sales, currently. Non-Designated Hedges For instruments that are not designated as a cash flow hedge, the Company had foreign exchange contracts with maturities less than one year. The unrealized gains and losses resulting from these contracts were immaterial and are recognized in other non-operating income, net and partially offset corresponding foreign exchange gains and losses on these balances. Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts receivable, net, accounts payable, accrued liabilities and other, and long-term debt. The carrying amount for cash and cash equivalents, accounts receivable, net, accounts payable and accrued liabilities and other approximates fair value because of their short-term nature and generally negligible credit losses (refer to Note 12 for the fair value of long-term debt).

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation Over the years, the Company has been named as a defendant, along with numerous other defendants, in lawsuits in various courts in which plaintiffs have alleged injury due to exposure to asbestos-containing brakes, which Carlisle manufactured in limited amounts between the late-1940s and the mid-1980s. In addition to compensatory awards, these lawsuits may also seek punitive damages. Generally, the Company has obtained dismissals or settlements of its asbestos-related lawsuits with no material effect on its financial condition, results of operations, or cash flows. The Company maintains insurance coverage that applies to the Company’s defense costs and payments of settlements or judgments in connection with asbestos-related lawsuits. At this time, the amount of reasonably possible asbestos claims, if any, is not material to the Company's financial position, results of operations, or operating cash flows, although these matters could result in the Company being subject to monetary damages, costs or expenses, and charges against earnings in particular periods. The Company may occasionally be involved in various other legal actions, including environmental matters, arising in the normal course of business. In the opinion of management, the ultimate outcomes of such actions, either individually or in the aggregate, are not expected to have a material adverse effect on the consolidated financial position or annual operating cash flows of the Company.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 22, 2020, the Company acquired Motion Tech Automation, LLC ("MTA") for approximately $33.3 million in cash, subject to post-closing adjustments. MTA is an industry leader in product development services and high precision, non-contact sensors. The initial accounting for the business combination is incomplete as a result of the timing of the acquisition. The results of operations of MTA's product development services and value added manufacturing operations will be reported within the CFT reporting segment and the precision sensors operations will be reported within the CIT reporting segment beginning in the third quarter of 2020.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements [Abstract]
New Accounting Standards Adopted	New Accounting Standards Adopted In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) ("ASU 2016-13") which adds to accounting principles generally accepted in the U.S. an impairment model (known as the current expected credit losses model) that is based on expected losses rather than incurred losses. Under ASU 2016-13, an entity recognizes, as an allowance, its estimate of lifetime expected credit losses, which the FASB believes will result in more timely recognition of such losses. The Company adopted ASU 2016-13 and all related amendments effective January 1, 2020, using the modified retrospective method, which allows for a cumulative-effect adjustment to the statement of financial position as of the beginning of the first reporting period in which the guidance is effective. Periods prior to the adoption date that are presented for comparative purposes are not adjusted. The adoption of this standard did not require an implementation adjustment and did not materially impact the Company's consolidated net income or cash flows. Changes in the Company's allowance for credit losses by segment follows: (in millions) CCM CIT CFT CBF Corporate Total Balance as of January 1, 2020 $ 2.2 $ 1.6 $ 1.1 $ 1.2 $ 0.5 $ 6.6 Current period provision 1.2 — 0.1 0.3 — 1.6 Amounts written off (0.4) (0.2) — — — (0.6) Balance as of June 30, 2020 $ 3.0 $ 1.4 $ 1.2 $ 1.5 $ 0.5 $ 7.6 Receivables are stated at amortized cost net of allowance for credit losses. The Company performs ongoing evaluations of its customers’ current creditworthiness, as determined by the review of their credit information to determine if events have occurred subsequent to the recognition of revenue and the related receivable that provides evidence that such receivable will be realized in an amount less than that recognized at the time of sale. Estimates of credit losses are based on historical losses, current economic conditions, geographic considerations, and in some cases, evaluating specific customer accounts for risk of loss.

New Accounting Pronouncements_2

New Accounting Pronouncements (Tables)	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements [Abstract]
Changes in Allowance for Credit Losses by Segment	Changes in the Company's allowance for credit losses by segment follows: (in millions) CCM CIT CFT CBF Corporate Total Balance as of January 1, 2020 $ 2.2 $ 1.6 $ 1.1 $ 1.2 $ 0.5 $ 6.6 Current period provision 1.2 — 0.1 0.3 — 1.6 Amounts written off (0.4) (0.2) — — — (0.6) Balance as of June 30, 2020 $ 3.0 $ 1.4 $ 1.2 $ 1.5 $ 0.5 $ 7.6

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of net sales and earnings before interest and taxes ("EBIT")	A summary of segment information follows: Three Months Ended June 30, 2020 2019 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 734.9 $ 137.6 $ 915.0 $ 182.5 Carlisle Interconnect Technologies 184.0 (1.5) 245.4 35.9 Carlisle Fluid Technologies 46.5 (5.2) 67.3 3.3 Carlisle Brake & Friction 58.8 (1.6) 87.1 8.3 Segment total 1,024.2 129.3 1,314.8 230.0 Corporate and unallocated (1) — (15.9) — (22.8) Total $ 1,024.2 $ 113.4 $ 1,314.8 $ 207.2 Six Months Ended June 30, 2020 2019 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 1,411.3 $ 245.3 $ 1,586.1 $ 275.4 Carlisle Interconnect Technologies 408.5 14.9 491.8 66.5 Carlisle Fluid Technologies 104.8 (2.4) 130.4 9.7 Carlisle Brake & Friction 129.8 (5.4) 178.4 14.8 Segment total 2,054.4 252.4 2,386.7 366.4 Corporate and unallocated (1) — (36.3) — (44.5) Total $ 2,054.4 $ 216.1 $ 2,386.7 $ 321.9 (1) Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2020
Acquisitions
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities	The following table summarizes the consideration transferred to acquire the Providien product lines and related operating and non-operating assets and liabilities and the preliminary allocation of the purchase price among them. The acquisition has been accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification ("ASC") 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation studies. Preliminary Measurement Period Adjustments Preliminary Allocation (in millions) As of 11/20/2019 As of Total cash consideration transferred $ 332.1 $ (0.8) $ 331.3 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 3.4 — 3.4 Receivables, net 9.8 — 9.8 Inventories, net 2.7 — 2.7 Contract assets 29.1 — 29.1 Prepaid expenses and other current assets 2.3 — 2.3 Property, plant and equipment 12.9 — 12.9 Definite-lived intangible assets 135.4 (2.7) 132.7 Other long-term assets 7.1 (0.3) 6.8 Accounts payable (6.0) — (6.0) Income tax payable (0.7) — (0.7) Accrued and other current liabilities (7.0) — (7.0) Other long-term liabilities (8.1) 0.5 (7.6) Deferred income taxes (27.1) 6.9 (20.2) Total identifiable net assets 153.8 4.4 158.2 Goodwill $ 178.3 $ (5.2) $ 173.1
Petersen Aluminum Corporation
Acquisitions
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities	The following table summarizes the consideration transferred to acquire Petersen and the allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. Preliminary Measurement Final (in millions) As of 1/11/2019 As of 12/31/2019 Total cash consideration transferred $ 207.2 $ — $ 207.2 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 5.2 — 5.2 Receivables, net 11.5 — 11.5 Inventories, net 39.5 (0.3) 39.2 Prepaid expenses and other current assets 2.1 — 2.1 Property, plant and equipment 17.8 — 17.8 Definite-lived intangible assets 109.3 0.8 110.1 Other long-term assets 9.5 — 9.5 Accounts payable (5.9) — (5.9) Income tax payable 1.7 — 1.7 Accrued and other current liabilities (8.7) — (8.7) Other long-term liabilities (12.4) (0.1) (12.5) Deferred income taxes (25.4) (0.2) (25.6) Total identifiable net assets 144.2 0.2 144.4 Goodwill $ 63.0 $ (0.2) $ 62.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Component of income from continuing operations and share data used in basic and diluted earnings per share	Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows: Three Months Ended Six Months Ended (in millions, except per share amounts) 2020 2019 2020 2019 Income from continuing operations $ 75.4 $ 153.0 $ 137.2 $ 230.4 Less: dividends declared (27.7) (22.9) (56.0) (46.2) Undistributed earnings 47.7 130.1 81.2 184.2 Percent allocated to common shareholders (1) 99.7 % 99.7 % 99.7 % 99.7 % 47.6 129.7 81.0 183.6 Add: dividends declared on common stock, restricted share units and vested and deferred restricted and performance shares 27.7 22.9 55.9 46.1 Income from continuing operations attributable to common shares $ 75.3 $ 152.6 $ 136.9 $ 229.7 Shares: Basic weighted-average shares outstanding 54.8 57.0 55.3 57.2 Effect of dilutive securities: Performance awards 0.2 0.2 0.2 0.2 Stock options 0.2 0.4 0.3 0.3 Diluted weighted-average shares outstanding 55.2 57.6 55.8 57.7 Per share income from continuing operations attributable to common shares: Basic $ 1.37 $ 2.68 $ 2.47 $ 4.01 Diluted $ 1.36 $ 2.65 $ 2.45 $ 3.98 (1) Basic weighted-average common shares outstanding 54.8 57.0 55.3 57.2 Basic weighted-average shares outstanding and unvested restricted shares expected to vest 55.0 57.1 55.5 57.4 Percent allocated to common shareholders 99.7 % 99.7 % 99.7 % 99.7 %
Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share	Three Months Ended Six Months Ended (in millions) 2020 2019 2020 2019 Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ — $ (0.1) $ — $ 1.9 Net income attributable to common shareholders for basic and diluted earnings per share 75.3 152.5 136.9 231.6 Anti-dilutive stock options excluded from EPS calculation (1) 0.5 — 0.3 0.4 (1) Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Summary of the Timing of Revenue Recognition	A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2020, follows: (in millions) Remainder of 2020 2021 2022 2023 2024 2025 Thereafter Extended service warranties $ 11.4 $ 21.8 $ 20.6 $ 19.4 $ 18.3 $ 17.4 $ 140.0
Change in Contract Liabilities	A summary of the change in contract liabilities for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 247.4 $ 227.4 Revenue recognized (28.8) (30.2) Revenue deferred 40.2 35.3 Acquired liabilities — 2.7 Balance as of June 30 $ 258.8 $ 235.2
Schedule of Change in Contract Assets	A summary of the change in contract assets for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 100.5 $ 44.7 Balance as of June 30 101.9 58.1 Change in contract assets $ 1.4 $ 13.4
Reconciliation of Disaggregated Revenue	A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows: Three Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total General construction $ 699.2 $ — $ — $ — $ 699.2 Aerospace — 80.8 — 2.9 83.7 Heavy equipment 14.0 — — 48.5 62.5 Transportation — — 23.2 5.2 28.4 Medical — 62.8 — — 62.8 General industrial and other 21.7 40.4 23.3 2.2 87.6 Total revenues $ 734.9 $ 184.0 $ 46.5 $ 58.8 $ 1,024.2 Three Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total General construction $ 860.5 $ — $ — $ — $ 860.5 Aerospace — 164.6 — 5.7 170.3 Heavy equipment 28.2 — — 69.5 97.7 Transportation — — 36.4 8.4 44.8 Medical — 37.6 — — 37.6 General industrial and other 26.3 43.2 30.9 3.5 103.9 Total revenues $ 915.0 $ 245.4 $ 67.3 $ 87.1 $ 1,314.8 Six Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total General construction $ 1,335.0 $ — $ — $ — $ 1,335.0 Aerospace — 217.5 — 8.8 226.3 Heavy equipment 35.5 — — 102.6 138.1 Transportation — — 58.5 13.4 71.9 Medical — 111.0 — — 111.0 General industrial and other 40.8 80.0 46.3 5.0 172.1 Total revenues $ 1,411.3 $ 408.5 $ 104.8 $ 129.8 $ 2,054.4 Six Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total General construction $ 1,482.1 $ — $ — $ — $ 1,482.1 Aerospace — 338.4 — 10.3 348.7 Heavy equipment 55.4 — — 144.7 200.1 Transportation — — 68.7 17.6 86.3 Medical — 68.6 — — 68.6 General industrial and other 48.6 84.8 61.7 5.8 200.9 Total revenues $ 1,586.1 $ 491.8 $ 130.4 $ 178.4 $ 2,386.7 Revenues by Geographic Area A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows: Three Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total United States $ 657.2 $ 129.3 $ 20.7 $ 22.2 $ 829.4 International: Europe 51.3 20.7 6.4 16.9 95.3 Asia 4.8 18.6 17.4 14.6 55.4 Canada 17.4 0.7 0.8 1.1 20.0 Mexico and Latin America 0.8 5.4 0.8 1.5 8.5 Middle East and Africa 2.4 2.4 0.2 0.2 5.2 Other 1.0 6.9 0.2 2.3 10.4 Total international 77.7 54.7 25.8 36.6 194.8 Total revenues $ 734.9 $ 184.0 $ 46.5 $ 58.8 $ 1,024.2 Three Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total United States $ 824.6 $ 171.4 $ 31.7 $ 34.1 $ 1,061.8 International: Europe 55.2 17.9 12.4 27.0 112.5 Asia 5.6 33.8 21.3 18.3 79.0 Canada 25.0 1.3 1.0 1.3 28.6 Mexico and Latin America 0.8 13.3 0.2 2.7 17.0 Middle East and Africa 2.0 6.2 0.4 0.2 8.8 Other 1.8 1.5 0.3 3.5 7.1 Total international 90.4 74.0 35.6 53.0 253.0 Total revenues $ 915.0 $ 245.4 $ 67.3 $ 87.1 $ 1,314.8 Six Months Ended June 30, 2020 (in millions) CCM CIT CFT CBF Total United States $ 1,254.1 $ 290.7 $ 49.0 $ 52.9 $ 1,646.7 International: Europe 102.4 40.0 16.8 36.3 195.5 Asia 8.1 37.0 34.3 29.7 109.1 Canada 35.8 1.9 2.2 1.7 41.6 Mexico 2.0 16.6 1.4 3.8 23.8 Middle East and Africa 6.3 7.3 0.7 0.4 14.7 Other 2.6 15.0 0.4 5.0 23.0 Total international 157.2 117.8 55.8 76.9 407.7 Total revenues $ 1,411.3 $ 408.5 $ 104.8 $ 129.8 $ 2,054.4 Six Months Ended June 30, 2019 (in millions) CCM CIT CFT CBF Total United States $ 1,415.8 $ 353.5 $ 59.7 $ 66.6 $ 1,895.6 International: Europe 107.3 36.3 25.5 57.5 226.6 Asia 9.7 57.6 40.3 38.7 146.3 Canada 42.5 2.4 2.6 1.8 49.3 Mexico 1.2 25.7 0.7 6.0 33.6 Middle East and Africa 5.4 13.5 1.0 0.6 20.5 Other 4.2 2.8 0.6 7.2 14.8 Total international 170.3 138.3 70.7 111.8 491.1 Total revenues $ 1,586.1 $ 491.8 $ 130.4 $ 178.4 $ 2,386.7

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Compensation Expense	Stock-based compensation cost by award type follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Stock option awards $ 2.6 $ 2.5 $ 5.8 $ 5.6 Restricted stock awards 1.9 2.1 4.0 4.1 Performance share awards 1.7 1.5 3.8 3.1 Restricted stock units — — 1.4 1.3 Stock appreciation rights (0.3) 2.1 (3.9) 2.9 Total stock-based compensation cost incurred 5.9 8.2 11.1 17.0 Capitalized credit (cost) during the period 0.1 (2.6) 3.4 (3.8) Amortization of capitalized (credit) cost during the period (3.8) 1.7 0.4 2.3 Total stock-based compensation expense $ 2.2 $ 7.3 $ 14.9 $ 15.5

Exit and Disposal Activities (T

Exit and Disposal Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Summary of Exit and Disposal Activities	The Company's exit and disposal costs by activity follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Employee severance and benefit arrangements $ 6.5 $ 0.4 $ 8.4 $ 6.1 Accelerated depreciation and impairments 1.0 — 2.2 — Facility cleanup costs — — 0.8 — Relocation costs 0.1 — 0.3 0.1 Lease termination costs — 0.4 — 0.9 Other restructuring costs 0.7 0.7 1.4 1.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's exit and disposal costs by segment follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Carlisle Interconnect Technologies $ 4.6 $ 0.9 $ 6.5 $ 4.8 Carlisle Brake & Friction 1.4 0.5 4.2 1.2 Carlisle Fluid Technologies 2.1 0.1 2.1 2.1 Carlisle Construction Materials 0.2 — 0.3 0.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's exit and disposal costs by financial statement line item follows: (in millions) Three Months Ended Six Months Ended 2020 2019 2020 2019 Cost of goods sold $ 3.1 $ 0.9 $ 6.1 $ 4.5 Selling and administrative expenses 3.6 0.6 5.2 3.5 Research and development expenses — — — 0.1 Other operating expense, net 1.6 — 1.8 0.2 Total exit and disposal costs $ 8.3 $ 1.5 $ 13.1 $ 8.3 The Company's change in exit and disposal activities liability follows: (in millions) Total Balance as of December 31, 2019 $ 5.2 Charges 13.1 Cash payments (15.1) Balance as of June 30, 2020 $ 3.2

Inventories, net (Tables)

Inventories, net (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Components of Inventories	(in millions) June 30, December 31, Raw materials $ 246.2 $ 241.0 Work-in-process 44.2 45.2 Finished goods 298.4 260.9 Reserves (41.0) (36.5) Inventories, net $ 547.8 $ 510.6

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill, net by segment follows: (in millions) CCM CIT CFT CBF (1) Total Balance as of December 31, 2019 $ 597.1 $ 835.2 $ 187.5 $ 96.5 $ 1,716.3 Goodwill acquired during year (2) 1.5 — — — 1.5 Measurement period adjustments (3) — (5.2) — — (5.2) Currency translation and other (0.4) (2.5) (1.3) (0.1) (4.3) Balance as of June 30, 2020 $ 598.2 $ 827.5 $ 186.2 $ 96.4 $ 1,708.3 (1) CBF goodwill, net is presented net of accumulated impairment losses of $130.0 million recorded in 2016. No other segments have incurred impairment losses. (2) The Company acquired one business for an aggregate purchase price of $3.2 million during the first six months of 2020. (3) Refer to Note 4 for further information on goodwill resulting from recent acquisitions.
Summary of other intangible assets, net	A summary of the Company's other intangible assets, net follows: June 30, 2020 December 31, 2019 (in millions) Acquired Cost Accumulated Amortization Net Book Value Acquired Cost Accumulated Amortization Net Book Value Assets subject to amortization: Customer relationships $ 1,048.8 $ (392.8) $ 656.0 $ 1,054.4 $ (354.9) $ 699.5 Technology and intellectual property 304.1 (185.8) 118.3 304.1 (167.0) 137.1 Trade names and other 111.5 (44.4) 67.1 100.0 (38.7) 61.3 Assets not subject to amortization: Trade names 242.5 — 242.5 242.7 — 242.7 Other intangible assets, net $ 1,706.9 $ (623.0) $ 1,083.9 $ 1,701.2 $ (560.6) $ 1,140.6
Summary of the net book values of other intangible assets, net by reportable segment	The net book values of other intangible assets, net by reportable segment follows: (in millions) June 30, December 31, Carlisle Construction Materials $ 321.5 $ 345.3 Carlisle Interconnect Technologies 413.1 441.0 Carlisle Fluid Technologies 262.3 272.8 Carlisle Brake & Friction 77.1 80.2 Corporate 9.9 1.3 Total $ 1,083.9 $ 1,140.6

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt	(in millions) Fair Value (1) June 30, December 31, June 30, December 31, 2.75% Notes due 2030 $ 750.0 $ — $ 768.2 $ — 3.75% Notes due 2027 600.0 600.0 658.8 623.4 3.5% Notes due 2024 400.0 400.0 427.0 414.2 3.75% Notes due 2022 350.0 350.0 366.6 361.4 5.125% Notes due 2020 — 250.0 — 255.0 Unamortized discount, debt issuance costs and other (22.0) (8.4) Total long term-debt 2,078.0 1,591.6 Less: current portion of long-term debt 0.8 250.2 Total long term-debt, net of current portion $ 2,077.2 $ 1,341.4 (1) The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit cost follows: Three Months Ended Six Months Ended (in millions) 2020 2019 2020 2019 Service cost $ 0.8 $ 0.7 $ 1.5 $ 1.4 Interest cost 1.2 1.5 2.3 3.0 Expected return on plan assets (2.5) (2.4) (4.9) (4.8) Amortization of unrecognized loss (1) 1.3 0.8 2.7 1.7 Net periodic benefit cost $ 0.8 $ 0.6 $ 1.6 $ 1.3 (1) Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.3) million and $(0.6) million for the three and six months ended June 30, 2020, respectively, and $(0.2) million and $(0.4) million for the three and six months ended June 30, 2019, respectively.

Standard Product Warranties (Ta

Standard Product Warranties (Tables)	6 Months Ended
	Jun. 30, 2020
Standard Product Warranty Disclosure [Abstract]
Change in Standard Product Warranty Liabilities	The change in standard product warranty liabilities for the six months ended June 30, follows: (in millions) 2020 2019 Balance as of January 1 $ 29.2 $ 31.9 Provision 7.3 9.8 Claims (6.6) (10.4) Balance as of June 30 $ 29.9 $ 31.3

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Designated and Non-designated Cash Flow Hedges	A summary of the Company's designated and non-designated cash flow hedges follows: June 30, 2020 December 31, 2019 (in millions) Fair Value (1) Notional Value Fair Value (1) Notional Value Designated hedges $ 0.2 $ 92.0 $ 2.0 $ 108.1 Non-designated hedges (0.2) 33.3 0.6 124.4 (1) The fair value of foreign currency forward contracts is included in other current assets. The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy.

New Accounting Pronouncements_3

New Accounting Pronouncements (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	$ 6.6
Current period provision	1.6
Amounts written off	(0.6)
Balance as of June 30, 2020	7.6
Corporate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	0.5
Current period provision	0
Amounts written off	0
Balance as of June 30, 2020	0.5
Carlisle Construction Materials
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	2.2
Current period provision	1.2
Amounts written off	(0.4)
Balance as of June 30, 2020	3
Carlisle Interconnect Technologies
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	1.6
Current period provision	0
Amounts written off	(0.2)
Balance as of June 30, 2020	1.4
Carlisle Fluid Technologies
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	1.1
Current period provision	0.1
Amounts written off	0
Balance as of June 30, 2020	1.2
Carlisle Brake & Friction
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1, 2020	1.2
Current period provision	0.3
Amounts written off	0
Balance as of June 30, 2020	$ 1.5

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)business	Jun. 30, 2019USD ($)
Net Sales, EBIT, Assets continuing operations by reportable segment
Number of reportable segments | business			4
Revenues	$ 1,024.2	$ 1,314.8	$ 2,054.4	$ 2,386.7
Operating Income (Loss)	113.4	207.2	216.1	321.9
Corporate and unallocated
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	0	0	0	0
Operating Income (Loss)	(15.9)	(22.8)	(36.3)	(44.5)
Carlisle Construction Materials | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	734.9	915	1,411.3	1,586.1
Operating Income (Loss)	137.6	182.5	245.3	275.4
Carlisle Interconnect Technologies | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	184	245.4	408.5	491.8
Operating Income (Loss)	(1.5)	35.9	14.9	66.5
Carlisle Fluid Technologies | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	46.5	67.3	104.8	130.4
Operating Income (Loss)	(5.2)	3.3	(2.4)	9.7
Carlisle Brake & Friction | Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	58.8	87.1	129.8	178.4
Operating Income (Loss)	(1.6)	8.3	(5.4)	14.8
Operating segments
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	1,024.2	1,314.8	2,054.4	2,386.7
Operating Income (Loss)	$ 129.3	$ 230	$ 252.4	$ 366.4

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Nov. 20, 2019	Apr. 01, 2019	Jan. 11, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					$ 1,708.3		$ 1,708.3	$ 1,716.3
Other Long-term Assets
Recognized amounts of identifiable assets acquired and liabilities assumed:
Indemnification asset			$ 5.2
Providien, LLC
Acquisitions
Total cash consideration transferred	$ 332.1						331.3
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	3.4				3.4		3.4
Receivables, net	9.8				9.8		9.8
Inventories, net	2.7				2.7		2.7
Contract assets	29.1				29.1		29.1
Prepaid expenses and other current assets	2.3				2.3		2.3
Property, plant and equipment	12.9				12.9		12.9
Definite-lived intangible assets	135.4				132.7		132.7
Other long-term assets	7.1				6.8		6.8
Accounts payable	(6)				(6)		(6)
Income tax payable	(0.7)				(0.7)		(0.7)
Accrued and other current liabilities	(7)				(7)		(7)
Other long-term liabilities	(8.1)				(7.6)		(7.6)
Deferred income taxes	(27.1)				(20.2)		(20.2)
Total identifiable net assets	153.8				158.2		158.2
Receivables not expected to be collected	0.1
Goodwill deductible for tax purposes	66.5
Providien, LLC | Adjustment
Acquisitions
Total cash consideration transferred							(0.8)
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets					(2.7)		(2.7)
Other long-term assets					(0.3)		(0.3)
Other long-term liabilities					0.5		0.5
Deferred income taxes					6.9		6.9
Total identifiable net assets					4.4		4.4
Providien, LLC | Customer relationships
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 108.7
Providien, LLC | Customer relationships | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	13 years
Providien, LLC | Customer relationships | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	37 years
Providien, LLC | Acquired Technology
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 19.5
Providien, LLC | Acquired Technology | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	6 years
Providien, LLC | Acquired Technology | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	11 years
Providien, LLC | Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 4.4
Providien, LLC | Trade names | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	2 years
Providien, LLC | Trade names | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	5 years
Petersen Aluminum Corporation
Acquisitions
Percentage of ownership interest acquired			100.00%
Total cash consideration transferred			$ 207.2					207.2
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents			5.2					5.2
Receivables, net			11.5					11.5
Inventories, net			39.5					39.2
Prepaid expenses and other current assets			2.1					2.1
Property, plant and equipment			17.8					17.8
Definite-lived intangible assets			109.3					110.1
Other long-term assets			9.5					9.5
Accounts payable			(5.9)					(5.9)
Income tax payable			1.7					1.7
Accrued and other current liabilities			(8.7)					(8.7)
Other long-term liabilities			(12.4)					(12.5)
Deferred income taxes			(25.4)					(25.6)
Total identifiable net assets			144.2					144.4
Goodwill			63					62.8
Gross contractual accounts receivable acquired			11.6
Receivables not expected to be collected			0.1
Goodwill deductible for tax purposes								0
Indemnification asset			5.2
Release of indemnification asset related to escrow expirations					3
Petersen Aluminum Corporation | Adjustment
Recognized amounts of identifiable assets acquired and liabilities assumed:
Inventories, net								(0.3)
Definite-lived intangible assets								0.8
Other long-term liabilities								(0.1)
Deferred income taxes								(0.2)
Total identifiable net assets								0.2
Goodwill								(0.2)
Petersen Aluminum Corporation | Customer relationships
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired			$ 79.7
Useful life of finite lived intangible assets			11 years
Petersen Aluminum Corporation | Acquired Technology
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired			$ 2.5
Useful life of finite lived intangible assets			10 years
Petersen Aluminum Corporation | Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired			$ 27.9
Useful life of finite lived intangible assets			17 years
MicroConnex Corporation
Acquisitions
Percentage of ownership interest acquired		100.00%
Total cash consideration transferred		$ 46.2
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		0.8
Carlisle Interconnect Technologies
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					827.5		827.5	835.2
Carlisle Interconnect Technologies | Providien, LLC
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill	$ 178.3				173.1		173.1
Carlisle Interconnect Technologies | Providien, LLC | Adjustment
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					(5.2)		(5.2)
Carlisle Interconnect Technologies | MicroConnex Corporation
Acquisitions
Contribution to net sales since acquisition				$ 3
Contribution to operating income since acquisition				(0.6)
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables, net		3.4
Inventories, net		0.9
Definite-lived intangible assets		27.4
Accounts payable		(0.6)
Deferred income taxes		(7)
Goodwill		15.2
Goodwill deductible for tax purposes		$ 0
Carlisle Interconnect Technologies | MicroConnex Corporation | Customer relationships
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets		12 years
Carlisle Interconnect Technologies | MicroConnex Corporation | Acquired Technology
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets		5 years
Carlisle Interconnect Technologies | MicroConnex Corporation | Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets		17 years
Carlisle Construction Materials
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					$ 598.2		$ 598.2	$ 597.1
Carlisle Construction Materials | Petersen Aluminum Corporation
Acquisitions
Contribution to net sales since acquisition				48.3		$ 83.8
Contribution to operating income since acquisition				$ 3.7		$ 3.6

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Income from continuing operations	$ 75.4	$ 153	$ 137.2	$ 230.4
Less: dividends declared	(27.7)	(22.9)	(56)	(46.2)
Undistributed earnings	$ 47.7	$ 130.1	$ 81.2	$ 184.2
Percent allocated to common shareholders	99.70%	99.70%	99.70%	99.70%
Undistributed earnings available to common shareholders	$ 47.6	$ 129.7	$ 81	$ 183.6
Add: dividends declared on common stock, restricted share units and vested and deferred restricted and performance shares	27.7	22.9	55.9	46.1
Income from continuing operations attributable to common shares	$ 75.3	$ 152.6	$ 136.9	$ 229.7
Denominator (in thousands):
Basic weighted-average shares outstanding (in shares)	54,800,000	57,000,000	55,300,000	57,200,000
Effect of dilutive securities:
Performance awards (in shares)	200,000	200,000	200,000	200,000
Stock options (in shares)	200,000	400,000	300,000	300,000
Denominator for diluted EPS: weighted-average shares outstanding (in shares)	55,200,000	57,600,000	55,800,000	57,700,000
Per share income from continuing operations attributable to common shares:
Basic (in dollars per share)	$ 1.37	$ 2.68	$ 2.47	$ 4.01
Diluted (in dollars per share)	$ 1.36	$ 2.65	$ 2.45	$ 3.98
Basic weighted-average common shares outstanding (in shares)	54,800,000	57,000,000	55,300,000	57,200,000
Basic weighted-average shares outstanding and unvested restricted shares expected to vest (in shares)	55,000,000	57,100,000	55,500,000	57,400,000
Percent allocated to common shareholders	99.70%	99.70%	99.70%	99.70%
Income (loss) from discontinued operations and net income
Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$ 0	$ (0.1)	$ 0	$ 1.9
Net income attributable to common shareholders for basic and diluted earnings per share	$ 75.3	$ 152.5	$ 136.9	$ 231.6
Antidilutive stock options excluded from EPS calculation (in shares)	500,000	0	300,000	400,000

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 11.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 21.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 20.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 19.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 18.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 17.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue from Contract with Customer [Abstract]
Extended service warranties	$ 140
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Extended service warranties, period

Revenue Recognition - Timing of

Revenue Recognition - Timing of Revenue Recognition and Reconciliation of Disaggregate Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	$ 1,024.2	$ 1,314.8	$ 2,054.4	$ 2,386.7
United States
Disaggregation of Revenue [Line Items]
Revenues	829.4	1,061.8	1,646.7	1,895.6
Total international
Disaggregation of Revenue [Line Items]
Revenues	194.8	253	407.7	491.1
Europe
Disaggregation of Revenue [Line Items]
Revenues	95.3	112.5	195.5	226.6
Asia
Disaggregation of Revenue [Line Items]
Revenues	55.4	79	109.1	146.3
Canada
Disaggregation of Revenue [Line Items]
Revenues	20	28.6	41.6	49.3
Mexico
Disaggregation of Revenue [Line Items]
Revenues	8.5	17	23.8	33.6
Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	5.2	8.8	14.7	20.5
Other
Disaggregation of Revenue [Line Items]
Revenues	10.4	7.1	23	14.8
General Construction
Disaggregation of Revenue [Line Items]
Revenues	699.2	860.5	1,335	1,482.1
Aerospace
Disaggregation of Revenue [Line Items]
Revenues	83.7	170.3	226.3	348.7
Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	62.5	97.7	138.1	200.1
Transportation
Disaggregation of Revenue [Line Items]
Revenues	28.4	44.8	71.9	86.3
Medical
Disaggregation of Revenue [Line Items]
Revenues	62.8	37.6	111	68.6
General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	87.6	103.9	172.1	200.9
Carlisle Construction Materials
Disaggregation of Revenue [Line Items]
Revenues	734.9	915	1,411.3	1,586.1
Carlisle Construction Materials | United States
Disaggregation of Revenue [Line Items]
Revenues	657.2	824.6	1,254.1	1,415.8
Carlisle Construction Materials | Total international
Disaggregation of Revenue [Line Items]
Revenues	77.7	90.4	157.2	170.3
Carlisle Construction Materials | Europe
Disaggregation of Revenue [Line Items]
Revenues	51.3	55.2	102.4	107.3
Carlisle Construction Materials | Asia
Disaggregation of Revenue [Line Items]
Revenues	4.8	5.6	8.1	9.7
Carlisle Construction Materials | Canada
Disaggregation of Revenue [Line Items]
Revenues	17.4	25	35.8	42.5
Carlisle Construction Materials | Mexico
Disaggregation of Revenue [Line Items]
Revenues	0.8	0.8	2	1.2
Carlisle Construction Materials | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	2.4	2	6.3	5.4
Carlisle Construction Materials | Other
Disaggregation of Revenue [Line Items]
Revenues	1	1.8	2.6	4.2
Carlisle Construction Materials | General Construction
Disaggregation of Revenue [Line Items]
Revenues	699.2	860.5	1,335	1,482.1
Carlisle Construction Materials | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	14	28.2	35.5	55.4
Carlisle Construction Materials | Transportation
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	21.7	26.3	40.8	48.6
Carlisle Interconnect Technologies
Disaggregation of Revenue [Line Items]
Revenues	184	245.4	408.5	491.8
Carlisle Interconnect Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	129.3	171.4	290.7	353.5
Carlisle Interconnect Technologies | Total international
Disaggregation of Revenue [Line Items]
Revenues	54.7	74	117.8	138.3
Carlisle Interconnect Technologies | Europe
Disaggregation of Revenue [Line Items]
Revenues	20.7	17.9	40	36.3
Carlisle Interconnect Technologies | Asia
Disaggregation of Revenue [Line Items]
Revenues	18.6	33.8	37	57.6
Carlisle Interconnect Technologies | Canada
Disaggregation of Revenue [Line Items]
Revenues	0.7	1.3	1.9	2.4
Carlisle Interconnect Technologies | Mexico
Disaggregation of Revenue [Line Items]
Revenues	5.4	13.3	16.6	25.7
Carlisle Interconnect Technologies | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	2.4	6.2	7.3	13.5
Carlisle Interconnect Technologies | Other
Disaggregation of Revenue [Line Items]
Revenues	6.9	1.5	15	2.8
Carlisle Interconnect Technologies | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	80.8	164.6	217.5	338.4
Carlisle Interconnect Technologies | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Transportation
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Medical
Disaggregation of Revenue [Line Items]
Revenues	62.8	37.6	111	68.6
Carlisle Interconnect Technologies | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	40.4	43.2	80	84.8
Carlisle Fluid Technologies
Disaggregation of Revenue [Line Items]
Revenues	46.5	67.3	104.8	130.4
Carlisle Fluid Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	20.7	31.7	49	59.7
Carlisle Fluid Technologies | Total international
Disaggregation of Revenue [Line Items]
Revenues	25.8	35.6	55.8	70.7
Carlisle Fluid Technologies | Europe
Disaggregation of Revenue [Line Items]
Revenues	6.4	12.4	16.8	25.5
Carlisle Fluid Technologies | Asia
Disaggregation of Revenue [Line Items]
Revenues	17.4	21.3	34.3	40.3
Carlisle Fluid Technologies | Canada
Disaggregation of Revenue [Line Items]
Revenues	0.8	1	2.2	2.6
Carlisle Fluid Technologies | Mexico
Disaggregation of Revenue [Line Items]
Revenues	0.8	0.2	1.4	0.7
Carlisle Fluid Technologies | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	0.2	0.4	0.7	1
Carlisle Fluid Technologies | Other
Disaggregation of Revenue [Line Items]
Revenues	0.2	0.3	0.4	0.6
Carlisle Fluid Technologies | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Transportation
Disaggregation of Revenue [Line Items]
Revenues	23.2	36.4	58.5	68.7
Carlisle Fluid Technologies | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	23.3	30.9	46.3	61.7
Carlisle Brake & Friction
Disaggregation of Revenue [Line Items]
Revenues	58.8	87.1	129.8	178.4
Carlisle Brake & Friction | United States
Disaggregation of Revenue [Line Items]
Revenues	22.2	34.1	52.9	66.6
Carlisle Brake & Friction | Total international
Disaggregation of Revenue [Line Items]
Revenues	36.6	53	76.9	111.8
Carlisle Brake & Friction | Europe
Disaggregation of Revenue [Line Items]
Revenues	16.9	27	36.3	57.5
Carlisle Brake & Friction | Asia
Disaggregation of Revenue [Line Items]
Revenues	14.6	18.3	29.7	38.7
Carlisle Brake & Friction | Canada
Disaggregation of Revenue [Line Items]
Revenues	1.1	1.3	1.7	1.8
Carlisle Brake & Friction | Mexico
Disaggregation of Revenue [Line Items]
Revenues	1.5	2.7	3.8	6
Carlisle Brake & Friction | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	0.2	0.2	0.4	0.6
Carlisle Brake & Friction | Other
Disaggregation of Revenue [Line Items]
Revenues	2.3	3.5	5	7.2
Carlisle Brake & Friction | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Brake & Friction | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	2.9	5.7	8.8	10.3
Carlisle Brake & Friction | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	48.5	69.5	102.6	144.7
Carlisle Brake & Friction | Transportation
Disaggregation of Revenue [Line Items]
Revenues	5.2	8.4	13.4	17.6
Carlisle Brake & Friction | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Brake & Friction | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	$ 2.2	$ 3.5	$ 5	$ 5.8

Revenue Recognition - Change in

Revenue Recognition - Change in Contract Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Balance as of January 1	$ 247.4	$ 227.4
Revenue recognized	(28.8)	(30.2)
Revenue deferred	40.2	35.3
Acquired liabilities	0	2.7
Balance as of June 30	$ 258.8	$ 235.2

Revenue Recognition - Change _2

Revenue Recognition - Change in Contract Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Balance as of January 1	$ 100.5	$ 44.7
Contract assets	1.4	13.4
Balance as of June 30	$ 101.9	$ 58.1

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 5.9	$ 8.2	$ 11.1	$ 17
Capitalized credit (cost) during the period	0.1	(2.6)	3.4	(3.8)
Amortization of capitalized (credit) cost during the period	(3.8)	1.7	0.4	2.3
Total stock-based compensation expense	2.2	7.3	14.9	15.5
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	2.6	2.5	5.8	5.6
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	1.9	2.1	4	4.1
Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	1.7	1.5	3.8	3.1
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	0	0	1.4	1.3
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ (0.3)	$ 2.1	$ (3.9)	$ 2.9

Exit and Disposal Activities (D

Exit and Disposal Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 8.3	$ 1.5	$ 13.1	$ 8.3
Employee severance and benefit arrangements	6.5	0.4	8.4	6.1
Carlisle Interconnect Technologies
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	4.6	0.9	6.5	4.8
Employee severance and benefit arrangements	2.8
Carlisle Interconnect Technologies | Employee Termination Benefits
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	1.4		1.4
Carlisle Interconnect Technologies | Facility Closing
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.4		2.3
Exit and disposal costs, expected to be incurred	10.9		10.9
Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	1.4	0.5	4.2	1.2
Exit and disposal costs, expected to be incurred	5.8		5.8
Exit and disposal costs, remaining amount	1.6		1.6
Carlisle Fluid Technologies
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	2.1	0.1	2.1	2.1
Employee severance and benefit arrangements	2.1
Carlisle Construction Materials
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.2	$ 0	0.3	$ 0.2
Employee severance and benefit arrangements	$ 0.2		$ 0.3

Exit and Disposal Activities -

Exit and Disposal Activities - Components of Exit and Disposal Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Employee severance and benefit arrangements	$ 6.5	$ 0.4	$ 8.4	$ 6.1
Accelerated depreciation	1	0	2.2	0
Facility cleanup costs	0	0	0.8	0
Relocation costs	0.1	0	0.3	0.1
Lease termination cost	0	0.4	0	0.9
Other restructuring costs	0.7	0.7	1.4	1.2
Total exit and disposal costs	8.3	1.5	13.1	8.3
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	3.1	0.9	6.1	4.5
Selling and administrative expenses
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	3.6	0.6	5.2	3.5
Research and development expenses
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0	0	0	0.1
Other operating (income) expense, net
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	1.6	0	1.8	0.2
Carlisle Interconnect Technologies
Restructuring Cost and Reserve [Line Items]
Employee severance and benefit arrangements	2.8
Total exit and disposal costs	4.6	0.9	6.5	4.8
Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	1.4	0.5	4.2	1.2
Carlisle Fluid Technologies
Restructuring Cost and Reserve [Line Items]
Employee severance and benefit arrangements	2.1
Total exit and disposal costs	2.1	0.1	2.1	2.1
Carlisle Construction Materials
Restructuring Cost and Reserve [Line Items]
Employee severance and benefit arrangements	0.2		0.3
Total exit and disposal costs	$ 0.2	$ 0	$ 0.3	$ 0.2

Exit and Disposal Activities _2

Exit and Disposal Activities - Exit and Disposal Activity Liability (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Reserve [Roll Forward]
Balance, beginning			$ 5.2
Charges	$ 8.3	$ 1.5	13.1	$ 8.3
Cash payments			(15.1)
Balance, ending	$ 3.2		$ 3.2

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate on continuing operations (as a percent)	20.80%	21.80%
Anticipated effective tax rate for beginning of year to date (as a percent)	24.00%
Discrete income tax expense (benefit)	$ 5.3
Decrease in unrecognized tax benefits	$ 5.5

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 246.2	$ 241
Work-in-process	44.2	45.2
Finished goods	298.4	260.9
Reserves	(41)	(36.5)
Inventories, net	$ 547.8	$ 510.6

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, net - Changes in the Carrying Amount of Goodwill (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)business	Dec. 31, 2016USD ($)
Goodwill
Impairment charges	$ 0
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		$ 1,716,300,000
Goodwill acquired during the year		1,500,000
Measurement period adjustments		(5,200,000)
Currency translation and other		(4,300,000)
Goodwill, Balance at the end of the period	1,708,300,000	$ 1,708,300,000
Number of Businesses Acquired | business		1
Total consideration		$ 3,200,000
Carlisle Construction Materials
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		597,100,000
Goodwill acquired during the year		1,500,000
Measurement period adjustments		0
Currency translation and other		(400,000)
Goodwill, Balance at the end of the period	598,200,000	598,200,000
Carlisle Interconnect Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		835,200,000
Goodwill acquired during the year		0
Measurement period adjustments		(5,200,000)
Currency translation and other		(2,500,000)
Goodwill, Balance at the end of the period	827,500,000	827,500,000
Carlisle Fluid Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		187,500,000
Goodwill acquired during the year		0
Measurement period adjustments		0
Currency translation and other		(1,300,000)
Goodwill, Balance at the end of the period	186,200,000	186,200,000
Carlisle Brake & Friction
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		96,500,000
Goodwill acquired during the year		0
Measurement period adjustments		0
Currency translation and other		(100,000)
Goodwill, Balance at the end of the period	$ 96,400,000	$ 96,400,000
Goodwill, accumulated impairment loss			$ 130,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, net - Other Intangibles and Amortization (Details) - USD ($)	3 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Other intangible assets
Impairment of intangible assets, indefinite-lived	$ 0
Accumulated Amortization	(623,000,000)	$ (560,600,000)
Other intangible assets, net
Other intangible assets, Acquired Cost	1,706,900,000	1,701,200,000
Other intangible assets, net	1,083,900,000	1,140,600,000
Trade names
Assets not subject to amortization:
Trade names	242,500,000	242,700,000
Customer relationships
Other intangible assets
Acquired Cost	1,048,800,000	1,054,400,000
Accumulated Amortization	(392,800,000)	(354,900,000)
Net Book Value	656,000,000	699,500,000
Technology and intellectual property
Other intangible assets
Acquired Cost	304,100,000	304,100,000
Accumulated Amortization	(185,800,000)	(167,000,000)
Net Book Value	118,300,000	137,100,000
Trade Names and Other
Other intangible assets
Acquired Cost	111,500,000	100,000,000
Accumulated Amortization	(44,400,000)	(38,700,000)
Net Book Value	$ 67,100,000	$ 61,300,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, net - Net Carrying Value of Other Intangibles (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	$ 1,083.9	$ 1,140.6
Carlisle Construction Materials
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	321.5	345.3
Carlisle Interconnect Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	413.1	441
Carlisle Fluid Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	262.3	272.8
Carlisle Brake & Friction
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	77.1	80.2
Corporate
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	$ 9.9	$ 1.3

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)	Mar. 29, 2020	Feb. 28, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Feb. 05, 2020	Dec. 31, 2019
Borrowings
Unamortized discount, debt issuance costs and other			$ (22,000,000)		$ (22,000,000)				$ (8,400,000)
Long-term debt			2,078,000,000		2,078,000,000				1,591,600,000
Current portion of debt			800,000		800,000				250,200,000
Total long-term debt, net of current portion			2,077,200,000		2,077,200,000				1,341,400,000
Loss on extinguishment of debt			0	$ 0	8,800,000	$ 0
Borrowings under the facility					500,000,000	0
Repayments of the facility					500,000,000	$ 0
Letters of credit outstanding			26,000,000		26,000,000				25,500,000
Senior Unsecured Notes
Borrowings
Redemption price for senior unsecured notes	$ 262,100,000
2.75% senior notes due 2030
Borrowings
Long-term debt, carrying amount			$ 750,000,000		$ 750,000,000				$ 0
Interest rate (as a percent)		2.75%	2.75%		2.75%				2.75%
Notes issued in public offering		$ 750,000,000
Debt discount		9,300,000
Proceeds from public offering of notes		740,700,000
Debt issuance costs		6,500,000
Accumulated Loss on Treasury Locks		16,400,000
Debt discount and issuance costs		$ 15,800,000
2.75% senior notes due 2030 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			$ 768,200,000		$ 768,200,000				$ 0
3.75% senior notes due 2027
Borrowings
Long-term debt, carrying amount			$ 600,000,000		$ 600,000,000				$ 600,000,000
Interest rate (as a percent)			3.75%		3.75%				3.75%
3.75% senior notes due 2027 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			$ 658,800,000		$ 658,800,000				$ 623,400,000
3.5% senior notes due 2024
Borrowings
Long-term debt, carrying amount			$ 400,000,000		$ 400,000,000				$ 400,000,000
Interest rate (as a percent)			3.50%		3.50%				3.50%
3.5% senior notes due 2024 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			$ 427,000,000		$ 427,000,000				$ 414,200,000
3.75% senior notes due 2022
Borrowings
Long-term debt, carrying amount			$ 350,000,000		$ 350,000,000				$ 350,000,000
Interest rate (as a percent)			3.75%		3.75%				3.75%
3.75% senior notes due 2022 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			$ 366,600,000		$ 366,600,000				$ 361,400,000
5.125% senior notes due 2020
Borrowings
Long-term debt, carrying amount			$ 0		$ 0				$ 250,000,000
Interest rate (as a percent)		5.125%	5.125%		5.125%				5.125%
Debt redemption, aggregate principal amount	250,000,000	$ 250,000,000
Premium for early redemption	8,400,000
Interest accrued to the redemption date	$ 3,700,000
5.125% senior notes due 2020 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			$ 0		$ 0				$ 255,000,000
Revolving credit facility
Borrowings
Borrowings under the facility					500,000,000
Repayments of the facility					500,000,000
Revolving credit facility			0		$ 0				0
Weighted average interest rate, over time					1.90%
Availability under revolving line of credit			1,000,000,000		$ 1,000,000,000				$ 1,000,000,000
Revolving credit facility | Fourth Amended and Restated Credit Agreement
Borrowings
Debt issuance costs							$ 1,300,000
Additional borrowing capacity								$ 500,000,000
Letter of credit | Credit Agreement
Borrowings
Maximum borrowing capacity			80,000,000		80,000,000
Availability under revolving line of credit			$ 54,200,000		$ 54,200,000
Letter of credit | Fourth Amended and Restated Credit Agreement
Borrowings
Maximum borrowing capacity								$ 50,000,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash
Components of net periodic benefit cost
Deferred compensation, Rabbi Trust	$ 7		$ 7		$ 6.1
Short-term Investments
Components of net periodic benefit cost
Deferred compensation, Rabbi Trust	5.6		5.6		$ 5.5
Defined Benefit Plans
Components of net periodic benefit cost
Service cost	0.8	$ 0.7	1.5	$ 1.4
Interest cost	1.2	1.5	2.3	3
Expected return on plan assets	(2.5)	(2.4)	(4.9)	(4.8)
Amortization of unrecognized loss	1.3	0.8	2.7	1.7
Net periodic benefit cost	0.8	0.6	1.6	1.3
Amortization of unrecognized loss, tax	$ (0.3)	$ (0.2)	$ (0.6)	$ (0.4)

Standard Product Warranties (De

Standard Product Warranties (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Standard Product Warranty Accrual
Beginning reserve	$ 29.2	$ 31.9
Provision	7.3	9.8
Claims	(6.6)	(10.4)
Ending reserve	$ 29.9	$ 31.3

Financial Instruments (Details)

Financial Instruments (Details) - Foreign Exchange Forward - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Designated as Hedging Instrument
Derivative Financial Instruments
Fair value	$ 0.2	$ 2
Notional amount	$ 92	108.1
Designated as Hedging Instrument | Cash Flow Hedging | Maximum
Derivative Financial Instruments
Maturity term	1 year
Not Designated as Hedging Instrument
Derivative Financial Instruments
Fair value	$ (0.2)	0.6
Notional amount	$ 33.3	$ 124.4
Not Designated as Hedging Instrument | Maximum
Derivative Financial Instruments
Maturity term	1 year

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Jul. 22, 2020USD ($)
Subsequent Event | Motion Tech Automation, LLC
Subsequent Event [Line Items]
Total cash consideration transferred	$ 33.3